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The rise in the special servicing rate was tied primarily to the retail and lodging industries and continued a consistent increase in the rate that started in March.
In this coronavirus world, the change of season means cooler temps are on the way and restaurants in the US and Canada will soon lose critical outdoor space.
Ingka Centres, part of the Ingka Group (which includes IKEA Retail and Ingka Investments), will transform and redesign the 6X6 building into a new retail destination that's anchored by IKEA and mixed-use offerings.
A report from Marcus & Millichap says full-service restaurants are facing the brunt of the economic downturn sparked by the coronavirus pandemic, while limited-service eateries are well positioned to survive.
Dollar stores have been deemed as essential businesses and remained open throughout the pandemic, and as unemployment numbers increase, many households are struggling to make ends meet.